Coinbase, a leading global cryptocurrency exchange, has added two new tokens on the Solana blockchain: Jito Staked SOL (JITOSOL) and Metaplex (MPLX). Both of these tokens use the SPL standard, which is Solana’s equivalent to Ethereum’s ERC-20 tokens.
The tokens will become transferable as of July 23, 2025, on both Coinbase and Coinbase Exchange but only in markets where trading in these tokens is enabled. Users are warned not to transfer these assets across other networks (such as Ethereum or BNB Chain), as this could lead to irreversible loss of funds.
Jito and Metaplex are flagship projects on the Solana blockchain. Jito provides liquid staking, enabling SOL holders to earn rewards while being able to utilize JITOSOL in DeFi applications. Metaplex fuels Solana’s NFT ecosystem, offering creative tools to mint and handle NFTs, with the MPLX token serving for governance and incentives.
Coinbase said that trading will start for these coins after 9 AM PT on July 24, if there is sufficient liquidity. This implies there should be a good enough quantity of buy and sell orders to provide a healthy trading environment.
The exchange will introduce the JITOSOL-USD and MPLX-USD trading pairs in stages to reduce volatility and technical issues at launch. Certain jurisdictions may be restricted due to local regulations or Coinbase’s internal compliance policies.
To prevent users from engaging with the wrong tokens, Coinbase has additionally posted the official SPL contract addresses of JITOSOL and MPLX. Users are advised to double-check these addresses when depositing or withdrawing tokens to prevent scams or errors.
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